Economy

Fund to support films selected for coveted festivals on the cards

Our Bureau New Delhi | Updated on January 20, 2018 Published on May 23, 2016

Rajyavardhan Rathore

Will provide up to ₹1 cr to film-makers





The Information and Broadcasting (I&B) Ministry plans to set up a fund to support film-makers whose films get selected for coveted festivals such as in Cannes, or awards such as the Oscars. The proposal for the creation of the fund will be finalised soon and is expected to be taken to the Cabinet for approval.

“We plan to set up a fund for movies that get selected for international film festivals and require support in terms of various costs, such as travel to different countries, showcasing their films and promoting it,” Minister of State for I&B, Rajyavardhan Rathore, said during an interaction with the media here on Monday. He said an expert committee will soon be constituted to regulate the process and decide on the quantum of funding. On an average, film-makers need to spend about ₹50 lakh to ₹1 crore to take their movies to international film festivals, according to industry estimates.

The Ministry is also looking at ways to simplify the visa process for foreign film-makers.

Rathore said the Ministry had written to the Home Ministry suggesting creation of special category of visas for foreign film-makers who wish to travel to India to scout for shooting locations.

The Ministry is also working towards auction of the second batch of private FM radio stations, with plans to keep a lower base price this time.

Published on May 23, 2016
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